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Rounded top Chart Pattern of MRK:What Is A Rounding Top Chart Pattern ? A chart pattern used in technical analysis which is identified by price movements that, when graphed, form the shape of an upside down “U”. A rounding top may form at the end of an extended upward trend and indicates a reversal in the long-term price movement. A rounding top represents a sell signal . The initial upwards trend becomes exhausted as the demand for the stock dries up. The reversal to the downward slope of the rounding top indicates that demand has tapered off and a surplus supply is present, basically there are more sellers than buyers. The price will be move so far in-case of breakout any side cause, the pattern is too tight.
NYSE:MRK
by Jay_shree
12
EURGBP. The price may not reach the resistance level.Hello ladies and gentlemen! The price of the Euro has strengthened against the British pound in just 2 days. This trend should continue, however, due to the weekend, much can change in the market. If you have this asset, then wait until the price reaches the first target, because it may not grow to the second. Good luck to you. If you liked this idea, please like and subscribe to my profile. This idea does not provide the financial advice.
Long
by UnknownUnicorn6402893
5
USDCNH. The price will continue to grow.Hello dear subscribers! The price of the American dollar will rise, because America is selling the securities of Chinese companies, we are talking about 50 billion dollars that were invested in the fund in 2017. This money will be withdrawn from these assets, thereby undermining the economy This means that the price of the Dollar will rise and reach the target. However, this action may have unpredictable consequences. Good luck to you. If you liked this idea, please like and subscribe to my profile. This idea does not provide the financial advice.
Long
by UnknownUnicorn6402893
1
USDCAD. The price will rise, but on one condition...Hello dear subscribers! The price of the American dollar rose sharply in just 2 months. The price has acquired the bullish flag pattern, if the price reaches 1.41000, then this is a buy signal. If this does not happen, then you do not need to enter into a deal and you should not risk it. Good luck to you. If you liked this idea, please like and subscribe to my profile. This idea does not provide the financial advice.
Long
by UnknownUnicorn6402893
2